CleanTechnica•14 days ago
Why Have Automakers Written Off $55 Billion In EV Investments?
- •Major automakers have written off $55 billion in EV investments, indicating a significant overestimation of EV demand and slower-than-anticipated adoption rates.
- •This slowdown in EV growth implies a potential reduction in projected electricity demand from transportation, impacting long-term load forecasts for grid planning and new generation/storage development.
- •Power developers and large power consumers should re-evaluate their assumptions regarding future electricity demand growth driven by transportation electrification, potentially leading to adjustments in project pipelines and investment strategies.
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